Consider the simple economy that produces only three products. Use the information in the following table to calculate the (annual rate of) inflation for 2018 as measured by the consumer price index (CPI) Product BASE YEAR (2010) Quantity 2017 2018 Price Price Price Haircuts 4 $10.00 $11.00 $16.20 Hamburgers Movies 14 2.00 2.45 2:40 4 15.00 15.00 14.00 The inflation rate for 2018 as measured by the consumer price index (CPI) is % (Enter your response rounded to two decimal places)